Correct Wealth Administration LLC acquired a brand new stake in W. P. Carey Inc. (NYSE:WPC – Get Score) throughout the third quarter, in response to its most up-to-date disclosure with the SEC. The institutional investor acquired 3,460 shares of the true property funding belief’s inventory, valued at roughly $246,000.
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A lot of different hedge funds have additionally purchased and bought shares of the enterprise. Fairfield Bush & CO. acquired a brand new place in W. P. Carey throughout the 1st quarter price roughly $26,000. American Century Firms Inc. purchased a brand new place in shares of W. P. Carey throughout the 1st quarter price about $488,000. Natixis Advisors L.P. acquired a brand new stake in shares of W. P. Carey within the 1st quarter price about $1,016,000. Acadian Asset Administration LLC acquired a brand new stake in shares of W. P. Carey within the 1st quarter price about $26,000. Lastly, MetLife Funding Administration LLC acquired a brand new stake in shares of W. P. Carey within the 1st quarter price about $305,000. 62.73% of the inventory is owned by institutional traders.
W. P. Carey Inventory Up 1.3 %
WPC inventory opened at $83.15 on Friday. W. P. Carey Inc. has a fifty-two week low of $67.76 and a fifty-two week excessive of $89.63. The enterprise’s 50-day transferring common is $82.10 and its two-hundred day transferring common is $80.32. The corporate has a debt-to-equity ratio of 0.87, a fast ratio of 0.27 and a present ratio of 0.27. The corporate has a market cap of $17.51 billion, a price-to-earnings ratio of 27.81, a P/E/G ratio of 11.86 and a beta of 0.78.
W. P. Carey Will increase Dividend
The enterprise additionally lately disclosed a quarterly dividend, which was paid on Friday, January thirteenth. Stockholders of report on Friday, December thirtieth have been paid a $1.065 dividend. This represents a $4.26 annualized dividend and a dividend yield of 5.12%. This can be a constructive change from W. P. Carey’s earlier quarterly dividend of $1.06. The ex-dividend date was Thursday, December twenty ninth. W. P. Carey’s dividend payout ratio (DPR) is presently 142.47%.
Analysts Set New Worth Targets
A lot of analysis analysts have lately weighed in on WPC shares. Capital One Monetary reissued an “obese” score on shares of W. P. Carey in a analysis report on Monday, December fifth. Royal Financial institution of Canada raised their value goal on shares of W. P. Carey from $86.00 to $88.00 and gave the corporate an “outperform” score in a analysis report on Monday, February thirteenth. Lastly, Raymond James lifted their goal value on shares of W. P. Carey from $80.00 to $85.00 and gave the corporate an “outperform” score in a analysis report on Monday, December nineteenth. Two analysts have rated the inventory with a maintain score and 4 have issued a purchase score to the corporate. In response to MarketBeat.com, the inventory presently has a median score of “Average Purchase” and a median goal value of $86.80.
W. P. Carey Profile
W.P. Carey, Inc is an funding belief firm, which engages within the business actual property enterprise. It operates by the Actual Property and Funding Administration segments. The Actual Property phase owns and invests in business actual property properties. The Funding Administration phase buildings and negotiates investments and debt placement transactions for actual property funding trusts, and manages portfolios of actual property investments.
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